Turkey's partnership with Africa will shape the Future: With Turkish companies investing across Africa and trade having grown more than sixfold in the last 15 years, Turkey is partnering with African nations for shared prosperity.

Author:Pekcan, Ruhsar
Position::PERSPECTIVE
 
FREE EXCERPT

We know that the 21st century will be shaped by the people of Africa. That's not a fanciful prediction of a distant future--it's a fact with which economies will contend over the coming three decades. By 2050 around 2.2bn people will be added to the global population. More than half of that growth will occur in Africa.

These new citizens will need jobs. If provided, Africa will become a centre of global growth. Yet if many struggle to find jobs, it's likely a new era of instability will beckon, not just for Africa, but beyond, in our interconnected world.

So, Turkey is working with African nations, engaging to shape the economic future of the continent for the better. The facts of our partnership tell a clear story. In the last 15 years, Turkey's trade with African countries has grown more than sixfold to $20.6bn. There are now over 41 Turkish embassies on the continent, and Turkish Airlines flies to more than 50 African destinations, more than any other international carrier.

This partnership is different because the private sector has led the way. Turkish companies have completed 1,150 projects worth $65bn. Our companies have invested in diverse areas ranging from agribusiness, security, health and transportation.

In Ghana, Turkish companies have invested in the country's electrical grid, and currently produce 35% of total supply. Turkey has also invested in Ghana's water facilities, with a $165m injection into a water treatment plant that will provide more than 2m people with clean water. From textile investments in Ethiopia to railway projects in Tanzania, the breadth of the Turkish private sector's economic dealings in African countries is expanding.

We are also focused on making African goods and services available in Turkey: our imports have...

To continue reading

REQUEST YOUR TRIAL